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At a Glance
Have a short-term saving goal? Build up your savings over 2 years with SavvyEndowment 7, a short-term endowment plan.
Features & Benefits
- Returns of up to 3.54%1 over 2 years upon maturity
- Get your capital back2 at the end of the policy term
- Coverage for death benefit at 101% of single premium
- Easy application online with no health check-ups
- Short commitment period of 2 years
- Minimum single premium of S$5,000 via cash or Supplementary Retirement Scheme (SRS)
How it Works
Here’s an example of how SavvyEndowment 7 can help:
1 Based on the higher illustrated investment rate of return of 2.64% p.a., the illustrated total return is 3.54% over 2 years, which consists of a guaranteed maturity value of 3.39% of single premium and a potential non-guaranteed maturity bonus of 0.15% of the single premium.
Based on the lower illustrated investment rate of return of 2.12% p.a., the illustrated total return is 3.39% over 2 years, which consists of a guaranteed maturity value of 3.39% of single premium. The potential non-guaranteed maturity bonus will be zero.
The bonus rate and the illustrated investment rate of return are not guaranteed and will depend on the future performance of the Participating Fund of the policy. This figure is rounded down to 2 decimal places.
2 Not applicable to policies that have been altered.
How to Apply for SavvyEndowment 7
No wait, no hassle. Your details are pre-filled when you apply on digibank.
Chat with our friendly Wealth Planning Managers now. (This chat service is available from 9am to 6pm on Mon to Fri, excluding Public Holidays.)
Alternatively, you may also leave your contact details and we will get in touch soon.
Frequently Asked Questions
No, the life insured covered must also be the policy owner.
Foreigners who are Singaporean permanent residents may apply.
Yes. You can purchase more than one policy. You should consider your financial commitments when deciding on the amount of premium for this plan.
No, SavvyEndowment is available via direct debit from your DBS/POSB bank account or from your DBS Supplementary Retirement Scheme (SRS) account. However, you can purchase more than 1 SavvyEndowment policy.
In Collaboration with Manulife
SavvyEndowment 7 is issued and underwritten by manulife (Singapore) Pte. Ltd. ("Manulife") (Reg. No. 198002116D) and distributed by DBS Bank Ltd ("DBS").
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 7 May 2022.
POSB Insurance Important Notes